American Optical Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock option plan, the company granted options on January 1, 2013, that permit executives to acquire 4 million of the company Solution Part 1: # of options granted ...................... 4 million Fair value of each option.................... x $ 3 Total compensation............................ $12 million - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Part 2: No entry - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Part 3: Compensation expense ($12 million .